Tuesday, Ferrari (NYSE:RACE) unveiled its 2020 F1 car that team boss Mattia Binotto says takes design to the “extreme” as they seek to challenge for the title/s.
The iconic Italian F1 team struggled last year, winning just 3 races as MercedesAMG dominated, but boss Binotto hopes they can take a step forward this season.
He said: “It may look similar to last year’s, but it’s completely different.
“We have been as extreme on the concept as we could, to look for the maximum aerodynamic performance first.”
Aerodynamics was the area in which Ferrari lagged most in Y 2019, the car very fast in a straight line, but also because it lacked downforce compared to MercedesAMG and Red Bull Racing.
Boss Binotto said this had been a major focus for the new car, called the SF1000, to reflect the fact that Ferrari will celebrate their 1,000th World Championship Grand Prix this season.
“We have been trying to maximise the downforce level, so the car has been packaged to have a very narrow and slim body shape, that is quite visible,” he said.
“We have worked with all the components. The suspension has been designed to have more adaptability on track. We put in a lot of effort to keep the weight down.”
4X champion Sebastian Vettel said: “A lot of hours have gone into the car. We had the opportunity to see a direct comparison to last year and you can really spot the difference, especially down to packaging at the back. We found some clever solutions to do that.
“It is also a little bit more Red than last year, so I think it looks great.
“I think it is a step forward and I hope it feels like that when I drive it. There is a whole team working right now to improve it.”
Despite the tightly packaged rear, attention will also focus on the front wing. It is known as an ‘inboard-loaded’ design, referring to the fact it creates its maximum downforce towards the centre of the wing rather than the edges. This aids in achieving consistent downforce but reduces the maximum load that can be achieved.
Charles Leclerc, who in December signed a new contract with the team until 2024, said: “It is a big challenge but I can’t wait to drive it.
“I prepared physically in the mountains to be 1st and psychologically my approach is very similar to the past seasons.“
“I try to give my best,” he said. “We worked hard in order develop the best possible car and I have tried to learn from the past mistakes and I want to be a better driver this year.”
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Neutral to Bullish, there is resistance at 171.56, and Key support is solid at 169.19, the stock has established strong long term support. The MACD is Very Bullish in here
Ferrari finished at 171.16 + 3.61 Tuesday in NY.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term and siding with BAML to 230 long term for now.